About 100 personnel, including members of the department’s investigation wing, were part of the operations that began around 7 am, and may continue for the next two days. Sources said that the probe pertains to alleged concealment and misdeclaration of income and profits.

Sources said the Income Tax probe pertains to alleged concealment and reported misdeclaration of income and profits. Pics/Sayed Sameer Abedi

Search results In their searches, I-T officials are accumulating documents like tax returns, investment proofs, accounting books, balance sheets, and hard disks of computers. Sources say the statements of Ekta Kapoor, the joint managing director at Balaji Telefilms, and Jeetendra, the company chairman, are likely to be recorded later. Ekta’s actor-brother Tushaar, who does not have any links with Balaji Telefilms, and some top officials of the production house are also on I-T representatives’ radar.

Sources said officials are scrutinising investments made by the Kapoors. They are also trying to ascertain whether any foreign investment has been made into Balaji Telefilms. Income Tax department representatives had planned to check the bank accounts but as today is a government holiday, the proceedings may take place tomorrow. “Search is going on. I cannot comment at this stage,” said Swatantra Kumar, director general of Income Tax department's investigation wing. Despite repeated attempts by MiD DAY, representatives of Balaji Telefilms were not available for comment over the recent raids.

Hit factory Balaji Telefilms has produced Bollywood flicks like Bhool Bhulaiyaa, Sarkar Raj, Love, Sex Aur Dhokha, Once Upon A Time In Mumbai, Shootout At Lokhandwala, and Kya Kool Hai Hum. The organisation is also behind some of the country's most popular TV soaps including Kyunki Saas Bhi Kabhi Bahu Thi, Kya Hua Tera Vaada, Pavitra Rishta, Bade Acche Lagte Hain and Parichay.